Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Friday, August 29, 2008

JCP as a short.


JCP will find resistance at 40.41. But also at the descending trend at 40The safe entry short is if it can break and hold below 37.50... Which will provide support. The chicken short entry would be 36.50, If the red trend doesn't provide enough support for it to go up. then after it breaks, and moves down to the yellow line, Then exit above the red line.

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